Industry News

AMAG Austria Metall AG surpasses economic challenges, reports improved EBITDA and market agility

Views : 204
Update time : 2024-10-31 16:07:19
AMAG Group demonstrated remarkable resilience in Q3 2024 despite the ongoing economic challenges in Europe, achieving 8 per cent year-over-year growth in EBITDA. The Metal Division maintained a strong earnings performance across the first three quarters, underscoring the Group's stability in a fluctuating market.

The Casting Division saw earnings fall short of last year, but overall quality remained strong despite persistent headwinds in the automotive industry. Meanwhile, the Rolling Division capitalised on market opportunities, demonstrating remarkable flexibility that helped mitigate volume and price pressures in the current reporting period.

Related News
Read More >>
South Korea imposes 21.62% AD duty on China’s stainless steel plates South Korea imposes 21.62% AD duty on China’s stainless steel plates
Oct .30.2025
South Korea imposes 21.62% AD duty on China’s stainless steel plates
Taiwan’s stainless steel scrap imports soar in Sep Taiwan’s stainless steel scrap imports soar in Sep
Oct .30.2025
Taiwan’s stainless steel scrap imports soar in Sep
LME nickel prices slightly rebound amid favorable macro factors LME nickel prices slightly rebound amid favorable macro factors
Oct .30.2025
LME nickel prices slightly rebound amid favorable macro factors
Taiwan’s Tang Eng may benefit from China’s policy of tighter stainless steel capacity Taiwan’s Tang Eng may benefit from China’s policy of tighter stainless steel capacity
Oct .30.2025
Taiwan’s Tang Eng may benefit from China’s policy of tighter stainless steel capacity